The Fred Report - Mid Week Update March 28, 2012
SPY continues to trade in the 140 – 143 target area, and we continue to be a bit defensive until we see a solid move above the 143 area. There are no sell patterns on the indexes, and sentiment indicators are much better placed than the last time we were here – so we remain somewhat optimistic. A look at XLE and OIH suggests a partial decline in oil is possible into May.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.